Revenue growth alongside lower operating profit
First written in FY2017-Q2. 9 of 36 entries say "Worsened", first in FY2020-Q1. Latest entry: FY2027-H1.
The whole theme swung hardest in 2020: 29 of 142 companies on the "Worse" side.
- FY2027-H1Operating loss narrows despite lower sales, but the company swings to an interim net lossAnnual report
「Results for the interim accounting period were revenue of ¥561 million, down 12.1% from the year-earlier period, an operating loss of ¥110 million, compared with an operating loss of ¥176 million in the year-earlier period, and an ordinary loss of ¥114 million, compared with an ordinary loss of ¥177 million. The company also recorded an impairment loss of ¥37 million as an extraordinary loss, resulting in an interim net loss of ¥151 million, compared with interim net income of ¥8 million in the year-earlier period, when a gain on the sale of investment securities was recorded as extraordinary income.」
Revenue fell 12.1% year on year, while the operating and ordinary losses narrowed from the year-earlier period. However, the company recorded an impairment loss of ¥37 million, moving from interim net income in the previous year to an interim net loss. - FY2026WorsenedAnnual report
「Combined domestic and overseas revenue was ¥1,613 million, down 15.8% from the previous fiscal year.」
Full-year total revenue was ¥1,612,901 thousand, down 15.8% from the previous fiscal year, and the company recorded an operating loss of ¥174 million and a net loss of ¥61 million. - FY2026-H1First-half revenue decline and wider operating loss, but interim net income positive due to extraordinary gainAnnual report
「Results for the interim accounting period were revenue of ¥638 million, down 11.1% from the year-earlier period, an operating loss of ¥176 million, compared with an operating loss of ¥147 million in the year-earlier period, and an ordinary loss of ¥177 million, compared with an ordinary loss of ¥144 million. The company also recorded a ¥184 million gain on the sale of investment securities as extraordinary income, as announced on 18 March 2025, resulting in interim net income of ¥8 million, compared with an interim net loss of ¥150 million in the year-earlier period.」
First-half revenue declined, and the operating and ordinary losses widened from the year-earlier period, while the ¥184 million gain on the sale of investment securities resulted in positive interim net income. - FY2025WorsenedAnnual report
「As a result, the company recorded an operating loss of ¥50 million, compared with operating profit of ¥431 million in the previous fiscal year, an ordinary loss of ¥45 million, compared with ordinary profit of ¥449 million, and a net loss of ¥72 million, compared with net income of ¥313 million.」
The company moved from profit in the previous fiscal year to an operating loss of ¥50 million, an ordinary loss of ¥45 million and a net loss of ¥72 million. Revenue also fell 64.2% year on year to ¥1,916 million, with the decline in revenue and earnings turning into losses. - FY2025-H1WorsenedAnnual report
「As a result, total revenue was ¥718 million, down 70.0% from the year-earlier period.」
Following business reforms in the previous fiscal year and a change in the overseas sales model, first-half revenue fell 70.0% year on year. The company recorded an operating loss of ¥147 million and an interim net loss of ¥150 million, moving from operating profit and interim net income in the year-earlier period to losses. - FY2025-Q1WorsenedAnnual report
「As a result, total revenue was ¥380 million, down 62.4% from the year-earlier period.」
Revenue fell 62.4% year on year due to changes to the Magna-Tiles sales agreement and the withdrawal from existing businesses. The company recorded an operating loss of ¥50 million, an ordinary loss of ¥50 million and a net loss for the quarter of ¥59 million, moving from profit to loss compared with the year-earlier period. - FY2024Full-year revenue and earnings declines continueAnnual report
「As a result, revenue for the fiscal year was ¥5,353 million, down 28.1% from the previous fiscal year.」
Full-year revenue fell 28.1% from the previous fiscal year due to the end of the bicycle business and the Popo-chan series, as well as lower sales to the United States. Operating profit was ¥431 million, down 16.9%, but the decline in earnings was smaller than the decline in revenue. - FY2024-Q3WorsenedAnnual report
「As a result, results for the cumulative third quarter were revenue of ¥4,392 million, down 30.3% from the year-earlier period, operating profit of ¥393 million, down 35.1%, ordinary profit of ¥411 million, down 31.0%, and net income for the quarter of ¥287 million, down 30.6%.」
For the cumulative third quarter, revenue, operating profit, ordinary profit and net income for the quarter were all below the year-earlier period. Revenue fell 30.3% and operating profit fell 35.1%. - FY2024-Q2WorsenedAnnual report
「As a result, results for the cumulative second quarter were revenue of ¥2,394 million, down 41.9% from the year-earlier period, operating profit of ¥90 million, down 77.8%, ordinary profit of ¥97 million, down 75.6%, and net income for the quarter of ¥67 million, down 75.8%.」
For the cumulative second quarter, revenue, operating profit, ordinary profit and net income for the quarter were all substantially below the year-earlier period. Revenue fell 41.9% and operating profit fell 77.8%. - FY2024-Q1WorsenedAnnual report
「As a result, for the cumulative first quarter, net sales were ¥1,011 million, down 28.8% year on year; operating profit was ¥1 million, down 99.2%; ordinary profit was ¥6 million, down 95.3%; and quarterly net profit was ¥4 million, down 95.5%.」
The first quarter shifted from substantial revenue and earnings growth in the year-earlier period to substantial declines in revenue, operating profit, ordinary profit and net income. - FY2023Profitability deteriorated despite substantial revenue and modest earnings growthAnnual report
「As a result, operating profit for the fiscal year was ¥518 million, up 1.5% from the previous fiscal year, ordinary profit was ¥513 million, up 3.5%, and net income was ¥356 million, up 3.6%.」
Full-year revenue was ¥7,443,860 thousand, up 35.8% from the previous fiscal year, while operating profit increased only 1.5%, confirming that earnings growth was modest relative to revenue growth for the full year. - FY2023-Q3Significant revenue and profit growth for the nine months ended in the third quarterAnnual report
「As a result, operating profit for the cumulative third quarter was ¥606 million, up 149.5% from the year-earlier period, ordinary profit was ¥596 million, up 146.3%, and net income for the quarter was ¥413 million, up 146.7%.」
For the cumulative third quarter, operating profit was ¥606 million, ordinary profit was ¥596 million and net income for the quarter was ¥413 million, all substantially higher than in the year-earlier period. Revenue was also ¥6,302 million, up 175.3% year on year. - FY2023-Q2Substantial first-half revenue and earnings growthAnnual report
「As a result, revenue for the cumulative second quarter was ¥4,120 million, up 127.6% from the year-earlier period.」
Cumulative second-quarter revenue was ¥4,120 million, up 127.6% year on year. Operating profit was ¥406 million, up 1,801.6%, ordinary profit was ¥398 million, and net income for the quarter was ¥276 million, resulting in substantial revenue and earnings growth. - FY2023-Q1Shift to substantial revenue and earnings growthAnnual report
「As a result, revenue for the cumulative first quarter was ¥1,420 million, up 88.4% from the year-earlier period for reference, operating profit was ¥117 million, up 253.8%, and net income after tax for the quarter was ¥81 million, up 291.8%.」
The first quarter shifted from lower revenue and weak earnings in the year-earlier period to substantial revenue and earnings growth, with revenue up 88.4%, operating profit up 253.8% and net income for the quarter up 291.8%. It explains that shipments in the year-earlier period were exceptionally low due to delays in overseas shipments. - FY2022Profitability deteriorated despite revenue and modest earnings growthAnnual report
「As a result, revenue for the fiscal year was ¥5,481 million, up 22.4% from the previous fiscal year. Although revenue increased, profitability remained an issue.」
Revenue increased 22.4% from the previous fiscal year and operating profit increased 4.1% to ¥510 million, but the product mix, including products with high cost ratios, and rising costs left profitability as an issue. - FY2022-Q3Continued narrowing of profit margins despite revenue growthAnnual report
「Although sales increased, margins narrowed relative to sales because overseas sales, which generate relatively low margins, accounted for a very large proportion of total sales; cost of sales increased; domestic and international transportation costs rose; promotional expenses were incurred to resume displaying in-store samples that had been suspended during the COVID-19 pandemic; and expenses were incurred for medium-term research and development of new businesses.」
Although revenue increased, profit margins narrowed due to the higher proportion of overseas sales, which carry lower margins, increases in costs and transportation expenses, promotional expenses associated with the resumption of in-store samples, and research and development expenses for new medium-term businesses. - FY2022-Q2Low profitability due to higher domestic sales, delayed overseas shipments and front-loaded costsAnnual report
「In addition to these established standard products, strong sales of new toy, bicycle and childcare products contributed to domestic revenue exceeding the year-earlier period. Overseas, strong demand in the United States for Magna-Tiles, sold in the US market, has raised expectations for sales above last year. However, the shortage of ocean freight containers has not eased at all, and some shipments scheduled to depart during the quarter were pushed into the following quarter, affecting revenue for the period.」
Domestic sales exceeded the year-earlier period on strong sales of standard and new products, but were affected by delayed overseas shipments. Promotional expenses for new products, research and development investment, and transport costs were also incurred ahead of schedule, resulting in operating profit of ¥21 million and ordinary profit of ¥16 million. - FY2022-Q1Strong domestic sales offset by lower overall revenue due to postponed overseas shipmentsAnnual report
「As a result, revenue for the cumulative first quarter was ¥754 million. In terms of earnings, unlike the previous year, when the launch of new products was postponed due to the state of emergency, the company was able to make its planned promotional investments during the quarter. As a result, expenses were broadly in line with a normal year, and operating profit was ¥33 million, ordinary profit was ¥30 million, and net income for the quarter was ¥21 million.」
Domestic sales of new and standard toy, playground equipment and bicycle products were strong, while revenue was affected by postponed overseas shipments, resulting in first-quarter revenue of ¥754 million. The company made its planned promotional investments and recorded operating profit of ¥33 million, ordinary profit of ¥30 million and net income for the quarter of ¥21 million. - FY2021Shift to full-year higher revenue and higher profitAnnual report
「As a result, revenue for the consolidated fiscal year ended January 2021 was ¥4,490 million, up 19.8% from the previous fiscal year. Regarding earnings, despite carrying out the planned renovation of the company's core internal systems during the fiscal year and beginning to depreciate the related software from Q3, operating profit increased 68.0% year on year to ¥492 million, as no particularly significant expenses were incurred.」
The company shifted from lower revenue and earnings in the previous fiscal year to full-year revenue growth of 19.8% and operating profit growth of 68.0% in the current fiscal year. - FY2021-Q3Continued Revenue and Profit GrowthAnnual report
「As a result, operating profit was ¥327 million, up 40.2% from the year-earlier period, ordinary profit was ¥314 million, up 38.3%, and net income attributable to owners of the parent was ¥218 million, up 41.0%.」
For the cumulative third quarter, revenue increased 13.2% year on year, while operating profit, ordinary profit and net income attributable to owners of the parent increased 40.2%, 38.3% and 41.0%, respectively, resulting in higher revenue and earnings. - FY2021-Q2Turnaround to revenue and profit growthAnnual report
「Revenue for the cumulative second quarter was ¥1,880 million, up 12.8% from the year-earlier period. As a result, operating profit was ¥123 million, up 60.0% year on year, ordinary profit was ¥114 million, up 55.3%, and net income attributable to owners of the parent was ¥80 million, up 68.4%.」
For the cumulative second quarter, revenue increased 12.8% year on year, while operating profit, ordinary profit and net income attributable to owners of the parent increased 60.0%, 55.3% and 68.4%, respectively, resulting in higher revenue and earnings. - FY2021-Q1Significant earnings decline despite revenue growthAnnual report
「As a result, consolidated revenue for the quarter was ¥814 million, up 5.7% from the year-earlier period. However, primarily due to higher costs, operating profit for the quarter fell 67.4% to ¥12 million. Foreign-exchange losses arising from currency fluctuations were recorded under non-operating expenses, resulting in ordinary profit of ¥5 million, down 85.7% year on year. Net income attributable to owners of the parent was ¥4 million, down 82.1% year on year.」
Revenue rose 5.7% year on year as overseas shipments recovered, while operating profit fell 67.4% and ordinary profit fell 85.7% due to higher costs and foreign-exchange losses. - FY2020WorsenedAnnual report
「As a result, revenue for the fiscal year was ¥3,748 million, down 9.6% from the previous fiscal year. Regarding earnings, selling, general and administrative expenses were broadly in line with the previous fiscal year, resulting in operating profit of ¥293 million, down 32.4% year on year, and」
Full-year revenue fell 9.6% from the previous fiscal year and operating profit fell 32.4%, confirming a full-year decline in both revenue and earnings. - FY2020-Q3Third-quarter revenue and profit declinesAnnual report
「As a result, consolidated revenue for the third quarter was ¥1,122 million, down 5.2% from the year-earlier period, while consolidated revenue for the cumulative period from the start of the fiscal year through Q3 was ¥2,789 million, down 3.2% year on year.」
Consolidated revenue was below the year-earlier period both for the third quarter and cumulatively. On a cumulative basis, operating profit was ¥233 million, down 5.8% year on year, and ordinary profit was ¥227 million, down 4.9%. - FY2020-Q2Higher revenue in Q2, narrower cumulative declines in revenue and earningsAnnual report
「While the decline in revenue in the first quarter was offset during the second quarter, cumulative operating profit through Q2 was ¥77 million, down 22.9% from the year-earlier period, ordinary profit was ¥73 million, down 24.2%, and net income attributable to owners of the parent was ¥47 million, down 23.1%. The decline in earnings narrowed from the first quarter.」
Revenue increased in the second quarter, offsetting the decline in the first quarter. Cumulative revenue and earnings nevertheless continued to decline, although the year-on-year declines in revenue and earnings narrowed. - FY2020-Q1WorsenedAnnual report
「As noted above, overseas segment revenue declined substantially from the year-earlier period, while the recovery in operating profit from domestic sales remained slow. As a result, operating profit for the first quarter was ¥36 million, down 66.3% year on year. Ordinary profit was ¥36 million, down 66.1%, and net income for the quarter was ¥23 million, down 67.5%, indicating continued challenging conditions.」
It states that operating profit, ordinary profit and net income declined substantially year on year due to lower overseas segment revenue and the delayed recovery in domestic sales profitability. - FY2019Full-year revenue and earnings decline; operating margin target reachedAnnual report
「However, due to lower revenue, down 2.8% year on year, operating profit was ¥433 million, down 9.0%, ordinary profit was ¥422 million, down 8.7%, and net income attributable to owners of the parent was ¥285 million, down 7.1%. Basic earnings per share were ¥65.21.」
Full-year revenue fell 2.8% year on year, and operating profit, ordinary profit and net income also declined, while the operating margin reached 10.4%, meeting the 10% target. - FY2019-Q3Higher revenue in Q3, narrower cumulative earnings declineAnnual report
「As a result of the increase in revenue for the cumulative period through Q3, consolidated operating profit was ¥247 million and ordinary profit was ¥239 million for the same period. Results have improved, with the decline in earnings narrowing from the first half.」
It states that consolidated revenue for the third quarter exceeded the year-earlier period, while cumulative operating profit was ¥247 million and ordinary profit was ¥239 million, narrowing the decline in earnings through the first half. - FY2019-Q2RestatedAnnual report
「The company stated that domestic and overseas sales remained below the previous year, while operating profit was ¥100 million because advertising spending was brought forward for new-product campaigns and other initiatives. In the non-consolidated results, the decline in sales was greater than in the previous year, and ordinary profit was ¥97 million, also remaining below the previous year at a rate of decline similar to that of operating profit.」
The company stated that domestic and overseas sales remained below the previous year, with both operating profit and ordinary profit also continuing below the previous year. - FY2019-Q1Lower sales and profit both domestically and overseas year on yearAnnual report
「As a result, sales declined from the same period of the previous year in both Japan and overseas. Consolidated operating profit was ¥107 million, ordinary profit was ¥105 million, and profit attributable to owners of the parent for the quarter was ¥70 million.」
The company stated that, in the first quarter, sales declined year on year both domestically and overseas, following the continued weakness in some categories and the previous combination of higher sales and lower profit. - FY2018Full-year sales decline and downward revision to the business planAnnual report
「During the current consolidated fiscal year, domestic sales came under pressure as external conditions changed more than expected, forcing a downward revision to the business plan during the year.」
The company stated that it revised its business plan downward during the year as domestic sales were affected by external conditions that changed more than expected. Full-year sales were ¥4.265 billion. - FY2018-Q3Lower sales and profit continued in the third quarter, with recovery stallingAnnual report
「Sales for the cumulative third quarter of the current fiscal year were ¥3.024 billion, down 11.6% from the same period of the previous year.」
For the cumulative third quarter, sales declined 11.6% year on year and operating profit declined 15.2%. The company stated that the recovery trend seen in the previous quarter did not continue in the third quarter. - FY2018-Q2Narrower decline and quarterly recoveryAnnual report
「In the second quarter, overseas sales recovered as shipments were concentrated, offsetting the rate of decline in sales in the first quarter. However, domestic sales remained sluggish, and total sales for the cumulative second quarter were ¥1.980 billion, down 10.7% from the same period of the previous year. Although the rate of decline was beginning to narrow as sales recovered, operating profit for the cumulative second quarter was ¥184 million, still down 18.1% year on year, and conditions remained difficult.」
Although cumulative sales and operating profit continued to decline year on year, the rate of decline narrowed from the first quarter, and operating profit for the second quarter increased 81% year on year. - FY2018-Q1ReframedAnnual report
「First-quarter sales were ¥1.056 billion, down 14.5% from the same quarter of the previous year.」
In contrast to the previous combination of higher sales and lower operating profit, both sales and operating profit declined in the first quarter, by 14.5% and 39.9% year on year, respectively. - FY2017-Q3RestatedAnnual report
「Sales for the cumulative third quarter were ¥3.420 billion, up 8.4% from the same period of the previous year, representing growth within the expected range.」
For the cumulative third quarter, sales increased 8.4% year on year to ¥3.419 billion, while operating profit declined 8.4% to ¥370 million, with sales growth continuing alongside a decline in operating profit. - FY2017-Q2First statedAnnual report
「Total sales for the cumulative second quarter, or first half, were ¥2.217 billion, up 11.8% from the same period of the previous year.」
While sales increased 11.8% year on year, operating profit was ¥225 million, down 7.1% year on year.